Gapping down
In reaction to earnings/guidance:
- JOAN -4.8%, BLBD -3.6%, LLY -2% (guidance update), UAL -1.4% (guidance update)
Other news:
- LEV -17.6% (announces the pricing of its previously announced marketed public offering of units in the United States and Canada)
- TRMB -6.4% (to acquire Transporeon for €1.88 bln)
- BMO -3.8% (public offering totaling approx. C$3.15 bln)
- GFI -2.9% (CEO steps down; Martin Preece appointed interim CEO)
- IVZ -1.5% (reports November AUM)
- USER -1.5% (announces expiration of "go-shop" period )
- ALEX -1.2% (promotes COO to additional role as President)
- IHG -0.8% (new CFO)
Analyst comments:
- AFRM -1.1% (downgraded to Neutral from Buy at BofA Securities)